Cibc World Markets Corp Acquires 367 Shares of AutoZone, Inc. (NYSE:AZO)

Cibc World Markets Corp boosted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 15.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,679 shares of the company’s stock after acquiring an additional 367 shares during the period. Cibc World Markets Corp’s holdings in AutoZone were worth $8,578,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AZO. Geode Capital Management LLC raised its holdings in shares of AutoZone by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock worth $1,326,545,000 after acquiring an additional 7,365 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in AutoZone by 482,040.2% during the 4th quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock worth $1,343,117,000 after purchasing an additional 419,375 shares in the last quarter. PineStone Asset Management Inc. increased its holdings in AutoZone by 6.9% during the 4th quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company’s stock worth $683,867,000 after purchasing an additional 13,771 shares in the last quarter. Marshfield Associates raised its stake in shares of AutoZone by 0.5% in the third quarter. Marshfield Associates now owns 169,586 shares of the company’s stock worth $534,204,000 after purchasing an additional 796 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in shares of AutoZone by 35.6% in the fourth quarter. Baillie Gifford & Co. now owns 163,089 shares of the company’s stock valued at $522,211,000 after purchasing an additional 42,776 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

AutoZone Trading Down 0.3 %

AutoZone stock opened at $3,611.51 on Wednesday. The firm has a market capitalization of $60.61 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 1.86 and a beta of 0.71. The firm has a 50 day simple moving average of $3,415.14 and a 200 day simple moving average of $3,250.39. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,704.43.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. On average, equities research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Analyst Ratings Changes

AZO has been the subject of a number of analyst reports. Wedbush reissued an “outperform” rating and issued a $3,700.00 price target on shares of AutoZone in a research report on Wednesday, March 5th. Roth Mkm increased their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. DA Davidson boosted their price target on shares of AutoZone from $3,350.00 to $3,500.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Raymond James reiterated a “strong-buy” rating on shares of AutoZone in a research note on Wednesday, March 5th. Finally, UBS Group boosted their target price on AutoZone from $3,875.00 to $4,025.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3,651.91.

Insider Activity

In other news, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the transaction, the senior vice president now directly owns 50 shares in the company, valued at $177,500. The trade was a 76.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP K. Michelle Borninkhof sold 136 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of the sale, the senior vice president now owns 403 shares in the company, valued at $1,430,682.24. This trade represents a 25.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,871 shares of company stock worth $6,720,811 over the last ninety days. Company insiders own 2.10% of the company’s stock.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.